Welcome to our curated summer adventure itinerary of Vancouver Island, where we've got you covered whether you're a local seeking new experience or a visitor looking to explore the island's wonders. In this article, we've divided the island into three distinct sections: North, Central, and South. With this breakdown, you can get inspired and decide which area aligns with your interests and time availability, enabling you to begin research and plan your travel. Starting with parts of North Vancouver Island, to the central and then finishing with the South Island. Let the exploration begin!
As one of the leading real estate teams on Vancouver Island, we are committed to keeping our clients informed about the latest trends and statistics in the local market. In this article, we present an overview of Nanaimo, then a cross-section of the Vancouver Island Real Estate Board (VIREB) area's performance, then a broader look at the Canadian Real Estate market touching on consumer confidence, interest rates and sales across Canada.
While July 2022 marked the start of declining real estate prices and transactions, the Nanaimo real estate market has been steadily recovering month over month, meaning all sectors of the Nanaimo real estate market have seen shorter days on market, sale prices closer (and sometimes over) the list price, and an increase to the average price comparing May to April of 2023. The month of May 2023 witnessed promising indicators that the market is getting back to where it was before the decline.
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